(a) In this section, 'arts and entertainment district', 'arts and entertainment enterprise', and 'qualifying residing artist' have the meanings stated in § 4–701 of the Economic Development Article. (b) The governing body of a county or municipal corporation may grant, by law, a property tax credit against the county or municipal corporation property tax imposed on a manufacturing, commercial, or industrial building that: (1) is located in an arts and entertainment district; and (2) is wholly or partially constructed or renovated to be capable for use by a qualifying residing artist or an arts and entertainment enterprise. (c) A tax credit granted under this section may not be granted for more than 10 years.
Maryland Legal Code